NIA Informs
COVID-19 and related information for the insulation industry. Click here to read the latest online.
Free NIA Webinar Today: Economist's Outlook during COVID-19
Tuesday, June 16, 1-2 p.m. ET

The COVID-19 environment continues to influence the outlook on the economy and is having significant impacts on trade, the deficit, and labor markets. Dr. Patricia Buckley will provide an update on the current economic outlook, discuss how the construction markets will be affected, and preview how COVID-19 will change future work environments.

Webinar Presenter: Dr. Patricia Buckley, Managing Director of Economics, Deloitte
Free Webinar: OSHA Alliance on Construction Safety for the Insulation and Construction Industry during COVID-19
Tuesday, June 23, 1-2 p.m. ET

The insulation industry and construction trades place the highest priority on preventing health hazards. Employers and employees now also need to understand the risks of COVID-19 and the latest safety guidance to protect workers. Join us for a webinar focusing on risks such as COVID-19, the effects of stress, shortages of PPE, and the latest OSHA guidance for the construction industry including insulation, roofing, and other activities.

Please note, this webinar is a live-only event and will not be recorded.

Webinar Presenter: Tim Irving, Deputy Director of the OSHA Directorate of Construction

Free Webinar: Investment Strategies and Stock Market Outlook
Tuesday, June 30, 1-2 p.m. ET

Making wise investment decisions can be complex and overwhelming, especially during the uncertainty of COVID-19. Morgan Stanley Wealth Management’s Larry Wethje will discuss his perspective on the current market and provide an overview of key fundamentals needed for solid investment strategies.

Webinar Presenter: Larry Wethje, Financial Advisor, Associate Vice President, Morgan Stanley Wealth Management

Guidance on the Paycheck Protection Program (PPP) Flexibility Act
Last week, the Small Business Administration (SBA) released an Interim Final Rule (IFR) on the PPP Flexibility Act signed into law last week. Fortunately, there were no surprises in this IFR, and it is a straightforward implementation of the provisions of the law that:
 
  • Extends the covered period for loans to December 31;
  • Provides a loan term of 5 years for loans made after June 5, with loans made prior to that date still having a 2-year term;
  • Extends the loan forgiveness period from 8 to 24 weeks; and
  • Requires that 60% of a loan be spent on payroll to be fully forgiven with partial forgiveness for a smaller amount spent on payroll.
 
OSHA Issues Additional Reopening Guidance

As part of reopening plans, OSHA recommends employers provide workers with “refreshers” on safety and health training and address maintenance issues they may have deferred during a shutdown. Employers should also revisit and update standard operating procedures and remember that exposures to hazards may increase during shutdown and start-up periods. OSHA's coronavirus-related guidance addresses the following issues:



For further information and resources, visit OSHA’s  coronavirus web page and the construction-specific web page.
SBA’s Economic Injury Disaster Loans and Advance Program Reopened
The U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. “With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and nonprofits will be able to receive these long-term, low interest loans and emergency grants–reducing the economic impacts for their businesses, employees and communities they support,” said SBA Administrator Jovita Carranza.

CSIA and ESICA September 2020 Joint Conference Canceled 
For more information, visit www.csiaonline.org or www.esica.org.
Resource: One Free Call with Legal Counsel
For NIA Member Companies on Any Safety Topic
Now through August 31
In the spirit of aiding all of our members during this critical time, NIA Legal Counsel Gary Auman, of Auman, Mahan & Furry, has offered to respond to 1 safety matter question, per NIA member, via telephone call or email. Thank you, Gary, for your generosity and your safety expertise.

Contact Auman, Mahan & Furry at 937-223-6003.
NIA Informs Archive
Looking for something you read in NIA Informs? Find past issues on NIA's COVID-19 web page.
NIA Informs newsletter: Twice a week, NIA provides updates to help your business find resources to recover faster during COVID-19.

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